Osmium Will Close Hedge Fund At $500 Million

Jul 29 2010 | 1:03pm ET

Osmium Capital Management is set to close its flagship hedge fund to new investors this year, the firm said.

The Osmium Special Situations Fund currently manages $330 million. But the firm has enjoyed strong returns in recent years, including a 6% jump in the first half. Osmium credited a decline in proprietary trading on the part of banks and risk-aversion on the part of hedge funds for the number of opportunities it has enjoyed.

The firm said that existing commitments and “strong” interest from other investors should push it to $500 million by the end of the year, Dow Jones Newswires reports. When it reaches that level, the firm will close the fund, which has an annualized return of 16% since its launch more than five year ago, it said.

Osmium also recently hired Northwater Capital Management’s Craig Hippern as chief financial officer. Hippern served as head of financial reporting at the Toronto-based hedge fund.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...